{"id":139349,"date":"2023-09-02T01:53:36","date_gmt":"2023-09-01T20:23:36","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=139349"},"modified":"2023-09-02T01:53:36","modified_gmt":"2023-09-01T20:23:36","slug":"no-obvious-sign-of-weakness-at-this-point-scotiabank-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/no-obvious-sign-of-weakness-at-this-point-scotiabank-crypto-news\/","title":{"rendered":"No obvious sign of weakness at this point \u2013 Scotiabank – Crypto News"},"content":{"rendered":"

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USD\/CAD<\/a> trades little changed in the mid-1.35s. Economists at Scotiabank analyze the pair\u2019s outlook.<\/p>\n

Weak risk mood remains a headwind for CAD<\/h2>\n
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Weak risk mood and marginally lower energy prices are enough to keep the CAD tone defensive for the moment while relatively stable short-term spreads may act as something of an anchor for the CAD. External developments will continue to have a major influence on the CAD tone, however.\u00a0<\/p>\n<\/blockquote>\n

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There is some evidence on the short-term chart to suggest that the USD rally is losing some momentum; price action over the second half of the week has topped out in the mid-1.35s and the broader rally in the USD is becoming confined to a narrowing, upward-sloping range, a bearish wedge pattern. But there is no obvious sign of weakness in the USD at this point.\u00a0<\/p>\n<\/blockquote>\n

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Resistance is 1.3550\/55. Support (bear breakdown trigger) is the wedge base at 1.3525.\u00a0<\/p>\n<\/blockquote>\n

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Share: USD\/CAD trades little changed in the mid-1.35s. Economists at Scotiabank analyze the pair\u2019s outlook. Weak risk mood remains a headwind for CAD Weak risk mood and marginally lower energy prices are enough to keep the CAD tone defensive for the moment while relatively stable short-term spreads may act as something of an anchor for […]<\/p>\n","protected":false},"author":2,"featured_media":12745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,252,247,253,385,411,249,498,256,254],"class_list":["post-139349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-riskappetite","tag-riskaversion","tag-safe-moon","tag-usdcad","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=139349"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139349\/revisions"}],"predecessor-version":[{"id":139350,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139349\/revisions\/139350"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/12745"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=139349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=139349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=139349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}